ALBERT C. RITCHIE, GOVERNOR.                  967

SEC. 2. And be it further enacted, That the said County Com-
missioners for Montgomery County are authorized and directed
to issue the said bonds and sell the same at such times and in
such amounts as they may deem necessary. The said bonds shall
be issued in series maturing as said County Commissioners shall
determine but none of said bonds shall be issued for a longer
period than twenty years from the date. thereof.

SEC. 3. And be it further enacted, That in order to provide
for the selling of said bonds to be issued under the provisions of
this Act, the said Board of County Commissioners of Mont-
gomery County, is hereby directed to advertise once a week for
four successive weeks, before said bonds or any part thereof
shall be issued, in such newspapers, at such times and in such
manner as may be determined by the said Board, that the said
Board of County Commissioners will be in readiness at a cer-
tain time within fifteen days after the expiration of said notice,
to receive bids at such place as may be named in said advertise-
ments, for bonds issued under the provisions of this Act, under
such regulations as may be made by. the Board of County Com-
missioners; and the accrued interest between the date of the
bonds and the time of sale and delivery of and payment for
said bonds shall be adjusted with the purchaser or purchasers
thereof under such regulations as may be determined by the
said Board; and at the time mentioned in said advertisements
as the time for opening the bids for the proposals thereby called
for, the said Board shall receive such sealed proposals for the
purchase of as many of such bonds as may be mentioned or
designated in said advertisements; and on the opening of such
sealed proposals, as many of said bonds as have been so bid for
shall be awarded by the Board of County Commissioners to the
highest responsible bidder or bidders therefor, for cash, if the
prices bid are adequate in the judgment of the said Board; and
when two or more bidders have made the same bid, and such
bid is the highest and the bonds so bid for by the highest re-
sponsible bidders are in excess of the whole amount of the bonds
offered for sale such bonds shall be awarded to such responsible
bidders bidding the same price in a ratable proportion; and if
any of said bonds so offered for sale are not bid for, or if an in-
sufficient price be bid for them they may subsequently be
disposed of under the direction of the Board of County Com-
missioners at a private sale, upon the best terms they can obtain
for the same; and provided further that said Board, in its dis-
cretion, shall have the right, to reject any and all bids.

SEC. 4. And be it further enacted, That the County Commis-
sioners of Montgomery County be and they are hereby author-
ized and directed to levy annually, on the taxable property of
said county a sum of money sufficient to pay the interest on said